Keep in mind that, as it stands, Cyprus is suffering deflationary effects, bank closure costs, capital controls, yet without getting the redenomination benefits and independent monetary policy benefits of leaving the euro.

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Thus, a plant closure would help bring down the costs meaningfully in the long run.

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The chairman of the board, UUP councillor Jim Rodgers, said he has been told that a local businessman has offered to pay legal costs to fight the closure.

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The fallout has cost News Corp. hundreds of millions of dollars in legal costs and led to the closure of the News of the World, a raft of criminal and civil cases and the collapse of News Corp.

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Hence, the company's desire to cut costs might have pushed forward the closure of the Ryton factory, though strained industrial relations may also have played a part, observers say.

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The company has also emphasized the economic impact of listing phthalates as a Chemical of Concern, claiming that such a listing would result in higher costs, job losses, the closure of businesses and would make U.S. companies less competitive in the global market.

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Obama will also express concern and ask about whether Japan will be able to restart nuclear power plants, and, if not, how Japan can limit the enormous costs and dislocations that will result from permanent closure.

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Campaigners against the closure of 11 sheriff courts are warning that there could be many unseen costs to the proposals.

BBC: 'Unseen costs' of Scottish court closure plans

Last year, Peugeot announced a programme to cut its costs by 1bn euros in response to falling sales, including the closure of one factory.

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